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Key Facts
Waymo, an autonomous driving technology company owned by Alphabet (NASDAQ: GOOGL), is committed to a fleet of electric vehicles (EVs) but remains without a clear timeline for profitability, as noted by co-CEO Tekedra Mawakana in a recent CNBC interview. The company could potentially be valued at over $45 billion, but its inability to demonstrate profitability poses significant questions regarding its value.
Tesla (NASDAQ: TSLA), while facing challenges with its robotaxi service, is better positioned due to its scalable business model, lower vehicle costs (targeting $30,000 for its Cybercab), and significant data advantages gained from existing vehicle operations. Analysts project that 88% of Tesla’s enterprise value is tied to its robotaxi initiative, with a potential value per share of $2,600 by 2029.
The competition between Tesl and Waymo highlights essential differences in technology and scalability, suggesting that Tesla may outperform Waymo in the burgeoning EV and autonomous ridesharing market.
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